Abstract
Intellectual Property ordinarily includes patent, design, trademark and copyright. Due to the technological growth and globalization. Intellectual Property (IP) has acquired an international character. The greater importance on Intellectual Property all over the world can be traced from the concern of different international organization. WIPO and WTO are playing the leading role jointly for the protection of Intellectual property. Under the WTO agreement developing countries and transition economies were given use years to ensure that their laws and practices conform with the TRIPS agreement (1995 to 2000). Least-developed countries had 11 years, until 2006 conform to the TRIPS agreement. This papers described about the critical review of Intellectual property and its issue, challenge and opportunity.
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